Bitcoin ( BTC) is trading at $61,822 on June 7, 2026, at 8:35 a.m. EDT, caught between a deeply oversold momentum reading on shorter timeframes and relentless selling pressure from moving averages across the daily chart.
The US Bitcoin spot ETF market has carried its bearish momentum into June, recording substantial capital withdrawals during the first trading week of the month. The latest outflows come after a difficult May, as investor sentiment around Bitcoin continues to worsen amid strong macroeconomic uncertainty.
June 7, 2026, 12:00 pmAIMCo's investment in Strategy shares signals a shift in institutional strategies, potentially influencing other Canadian entities to explore indirect crypto exposure.
June 7, 2026, 11:32 am
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The strong jobs data highlights the interconnectedness of crypto and traditional markets, as rate hike fears trigger widespread asset repricing.
Bitcoin's price drop to $60k was accompanied by falling hash rates and lowered miner profit margins.
Bitcoin trades just 7% above Germany's $57,900 exit price as Arkham revives debate over the 2024 sale of 49,858 BTC.
The significant drop in Bitcoin and Ethereum highlights increased market volatility and a potential shift in investor focus away from cryptocurrencies.
Strategy's Bitcoin-centric approach highlights the risks of asset concentration, potentially impacting shareholder value during market downturns.
Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed.
Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February.
The industry is actively working to not repeat mistakes it encountered during the Biden era.
$61,695.00 +1.36%
$1.24T Market Cap
$31.46B Total Volume (2.54%)
$126,080 All Time High -51.07%
until new daily candle
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